Sell GBP/USD Beairsh Flag

3 juin

The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around the current price of 1.2710, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 1.2665
2nd Support – 1.2640

Stop-Loss: To manage risk, place a stop-loss order above 1.2760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.

3 juin

Transaction en cours

3 juin

Note

Weak UK Economy: The UK economy faces headwinds, with concerns about a potential recession. Weaker than expected data or negative news regarding the UK economy could further weaken the Pound.

Dovish BoE Stance: The Bank of England (BoE) is expected to maintain a dovish stance on interest rates, keeping them low. This could make holding GBP less attractive compared to currencies with potentially rising interest rates, weakening the Pound.

4 juin

Trade fermée: ordre d’arrêt atteint